311 SW 79th WayNorth LauderdaleFL33068
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in North Lauderdale at 311 SW 79th Way, North Lauderdale, FL, 33068 offers a 10.15% rental yield on a $434,900 purchase with $3,680/mo rent. Total monthly income registers $3,680/mo, and a $2,129/mo payment leaves $704/mo available for distribution. Annual cash flow reaches $8,453/yr on $144,169 to close, and return on cash invested stands at 25.77% in year one. Equity gained on principal adds $2,806/yr while 5% annual appreciation supports $120,155 over five years. Portfolio math shows five-year ROI at 135.15% and total cumulative return in cash at $194,849. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,680/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
6,002 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33068, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,276 (100%) |
| Owner Occupied HU | 10,191 (55.8%) |
| Renter Occupied HU | 7,006 (38.3%) |
| Vacant Housing Units | 1,079 ( 5.9%) |
| Median Home Value | $351,558 |
| Average Home Value | $407,427 |
Housing Distribution
Address Breakdown
Residential
18,138
Single Family
12,286
Multi-Family
5,852
Businesses
556
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-23 | Price change | $434,900 |
| 2024-12-16 | Listed for sale | $439,900 |
| 2008-05-15 | Sold | $157,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $4941.93 | 11.04% | $214,500 | 7.56% |
| 2022-12-25 | $4450.63 | 8.66% | $199,420 | 7.46% |
| 2021-12-25 | $4096.05 | 12.48% | $185,580 | 6.72% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1976
- Architectural Style: N/A
- Building Area: 1,475
- Living Area: 1,116 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- Flooring: Tile
- Interior Features: No Additional Rooms
- Exterior Features: N/A
- Parking Features: Driveway
Location
- City: North Lauderdale
- State: FL
- Subdivision: North Lauderdale Village
- Lot Size: 6,002 sqft
- Lot Features: Less Than 1/4 Acre Lot
- View: None
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Other
- Water Source: Other
- Road Surface Type: N/A
School Information
- Elementary School: Morrow
- Middle School: Silver Lks Middle
- High School: Piper
Listed by: Camilo Palacio • Silver Door Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11710381
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.